NEW YORK CITY—TD Bank's commercial real estate group has revealed it closed more than 240 transactions—totaling $6.3 billion in commitments—in 2014. The team increased its total commitments by nearly 9.5% last year over 2013, highlighting an increased demand for TD's real estate financing products and the continued strength of the commercial real estate sector.
"Demand for commercial real estate financing was strong from Maine to Florida in 2014, particularly in the REIT space," says Gregg Gerken, SVP, TD Bank Group, and head of US commercial real estate lending at TD Bank. "TD Bank is proud to partner with more than 600 major players in the CRE industry, and we expect to see continued strength during 2015 as the economy and employment picture continue to improve."
Through its lending commitment for low-income housing tax credits, new markets tax credits, and 80/20 financing, TD's CRE team in 2014 also closed 18 transactions, totaling more than $314 million in commitments to support local communities from Maine to Florida.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
